INSUBCONTINENT EXCLUSIVE:
The United States Federal Reserve has increased its interest rates by a quarter percentage point to a range of 5.25-5.50%, marking the
highest level in 22 years.This rate hike, the 11th since March 2022, was enacted without clear indication of further planned increases in
the near future.This strategy is used to curb inflation by making credit more costly, thereby discouraging consumption and investment
activities that escalate prices.The United States Federal Reserve building in Washington, DC.As a result, inflation in June decreased to a
Federal Reserve initiated these increases in response to rising inflation, after keeping rates near-zero to boost the economy during the
central bank, Jerome Powell, emphasized that returning to the 2% inflation target will require considerable time and effort.Furthermore, the
GDP data for the second quarter.Current expectations predict a 2% growth rate in annual projection, while the International Monetary Fund
